Antu Murshid - Academia.edu (original) (raw)
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Papers by Antu Murshid
Edward Elgar Publishing eBooks, Mar 27, 2007
B E Journal of Macroeconomics, Jan 27, 2008
Finanzas y desarrollo: publicación trimestral del Fondo Monetario Internacional y del Banco Mundial, 2001
Journal of Applied Econometrics, Mar 16, 2009
Journal of Money, Credit and Banking, Mar 1, 2014
Springer eBooks, 2001
The recent series of financial crises in emerging markets, the Mexican crisis of 1994–95 and the ... more The recent series of financial crises in emerging markets, the Mexican crisis of 1994–95 and the Asian crisis of 1997–98, closely followed by the devaluations of the ruble and the real, have been decried for their virulence and their far-reaching effects beyond their epicenters. Certainly this recent batch of crises has been particularly severe.1 Yet, that crises can spread across international borders should not, of its own accord, be surprising; it is merely a reflection of the interdependence of cross-country fortunes in the presence of real and identifiable channels of transmission. Moreover, in the face of macroeconomic imbalances and/or structural weaknesses, crises, when they arrive, may simply be a reflection of unsound economic policies or inefficiencies that are fostered in an underdeveloped financial infrastructure. As the October 1997 crash on the Hong Kong Exchange demonstrated, however, good fundamentals alone cannot insulate a country from the effects of financial contagion.2 Moreover, the sharp drops on the Brazilian exchange and the eventual devaluation of the real, following the Russian crisis, are difficult to attribute to bad fundamentals or cross-country linkages.3
Risk Analysis, Sep 1, 2009
Social Science Research Network, 2006
Review of Development Economics, Apr 15, 2008
RePEc: Research Papers in Economics, Mar 1, 2009
Social Science Research Network, 2023
Social Science Research Network, 2001
Page 1. Echoes from the Past: Are Global Financial Crises Reasserting Themselves? ♣♣∗∗ Antu Panin... more Page 1. Echoes from the Past: Are Global Financial Crises Reasserting Themselves? ♣♣∗∗ Antu Panini Murshid University of Wisconsin-Milwaukee Abstract This study compares the incidence of currency crises across two periodsthe pre-World ...
Social Science Research Network, 2002
finance and development, 2001
In the second half of the 1990s, several countries experienced financial crises in an environment... more In the second half of the 1990s, several countries experienced financial crises in an environment of increased international capital flows, casting doubts on the ability of such flows to stimulate lon.
Identifying a causal channel from changes in housing wealth to consumption is challenging. This i... more Identifying a causal channel from changes in housing wealth to consumption is challenging. This is rooted in the difficulties in finding truly exogenous sources of variation in house prices, as well as onerous individuallevel data requirements. This paper offers a framework that meets both challenges. Central to our research design is the tragic school shooting in Newtown on December 14, 2012, which provided a large negative shock to the local real estate market, the magnitude of which varied discontinuously at the boundary of the Sandy Hook Elementary School attendance zone. We combine this information on the exogenous change in housing values with individual-level credit card expenditure data to identify the magnitude of the wealth-effect from housing to consumption. Our results, suggest that the marginal propensity to consume from a $1 change in housing wealth is about 10-14 cents. However, household demographics are key to understanding the magnitude of these effects. We find no...
Edward Elgar Publishing eBooks, Mar 27, 2007
B E Journal of Macroeconomics, Jan 27, 2008
Finanzas y desarrollo: publicación trimestral del Fondo Monetario Internacional y del Banco Mundial, 2001
Journal of Applied Econometrics, Mar 16, 2009
Journal of Money, Credit and Banking, Mar 1, 2014
Springer eBooks, 2001
The recent series of financial crises in emerging markets, the Mexican crisis of 1994–95 and the ... more The recent series of financial crises in emerging markets, the Mexican crisis of 1994–95 and the Asian crisis of 1997–98, closely followed by the devaluations of the ruble and the real, have been decried for their virulence and their far-reaching effects beyond their epicenters. Certainly this recent batch of crises has been particularly severe.1 Yet, that crises can spread across international borders should not, of its own accord, be surprising; it is merely a reflection of the interdependence of cross-country fortunes in the presence of real and identifiable channels of transmission. Moreover, in the face of macroeconomic imbalances and/or structural weaknesses, crises, when they arrive, may simply be a reflection of unsound economic policies or inefficiencies that are fostered in an underdeveloped financial infrastructure. As the October 1997 crash on the Hong Kong Exchange demonstrated, however, good fundamentals alone cannot insulate a country from the effects of financial contagion.2 Moreover, the sharp drops on the Brazilian exchange and the eventual devaluation of the real, following the Russian crisis, are difficult to attribute to bad fundamentals or cross-country linkages.3
Risk Analysis, Sep 1, 2009
Social Science Research Network, 2006
Review of Development Economics, Apr 15, 2008
RePEc: Research Papers in Economics, Mar 1, 2009
Social Science Research Network, 2023
Social Science Research Network, 2001
Page 1. Echoes from the Past: Are Global Financial Crises Reasserting Themselves? ♣♣∗∗ Antu Panin... more Page 1. Echoes from the Past: Are Global Financial Crises Reasserting Themselves? ♣♣∗∗ Antu Panini Murshid University of Wisconsin-Milwaukee Abstract This study compares the incidence of currency crises across two periodsthe pre-World ...
Social Science Research Network, 2002
finance and development, 2001
In the second half of the 1990s, several countries experienced financial crises in an environment... more In the second half of the 1990s, several countries experienced financial crises in an environment of increased international capital flows, casting doubts on the ability of such flows to stimulate lon.
Identifying a causal channel from changes in housing wealth to consumption is challenging. This i... more Identifying a causal channel from changes in housing wealth to consumption is challenging. This is rooted in the difficulties in finding truly exogenous sources of variation in house prices, as well as onerous individuallevel data requirements. This paper offers a framework that meets both challenges. Central to our research design is the tragic school shooting in Newtown on December 14, 2012, which provided a large negative shock to the local real estate market, the magnitude of which varied discontinuously at the boundary of the Sandy Hook Elementary School attendance zone. We combine this information on the exogenous change in housing values with individual-level credit card expenditure data to identify the magnitude of the wealth-effect from housing to consumption. Our results, suggest that the marginal propensity to consume from a $1 change in housing wealth is about 10-14 cents. However, household demographics are key to understanding the magnitude of these effects. We find no...